AIC 301 UPDATED EXAMINERS 2026 SET QUESTIONS
AND ANSWERS SURE A+
✔✔All of the following debts are not dischargeable in bankruptcy, EXCEPT:
Select one:
A. Services obtained by fraud
B. Most student loans
C. Payments owed on leases
D. Alimony - ✔✔C. Payments owed on leases
✔✔InsurCo executives are concerned about some new legislation so they write to their
state's department of insurance for guidance. The department writes back with advice
about the new law. When an administrative agency clarifies statutes for regulated
parties, it is writing which one of the following?
Select one:
A. Interpretive rule, and it is binding on the regulated parties.
B. Legislative rule, and it is non-binding.
C. Legislative rule, and it is binding on the regulated parties.
D. Interpretive rule, and it is non-binding. - ✔✔D. Interpretive rule, and it is non-binding.
✔✔John contracts with Rex to purchase three steel braces by April 5. In the contract,
they agree that the amount of damages either of them would pay in the event of breach
would be $50,000. The $50,000 is the result of their good faith effort to estimate actual
, damages that probably would result from a breach. These types of damages are known
as
Select one:
A. Special damages.
B. Punitive damages.
C. Liquidated damages.
D. Equitable remedies. - ✔✔C. Liquidated damages.
✔✔The Martin brothers, Larry and Kent, each own a home and share ownership of
tools, equipment, and home furnishings. They also have three vehicles, two of which
are owned by Kent, and the third is owned jointly. Their property is covered under
policies issued by Insurance Company, and all policies refer to the description of
property insured as "property of the Martin brothers." Since the insurance policies are
ambiguous as to the property insured, parol evidence can establish
Select one:
A. Whether the insurance contract is valid because of its ambiguous wording.
B. Whether the parties' intention was to cover property the brothers owned as partners,
property they owned individually, or both.
C. The distribution of the property.
D. Any illegality, fraud, or mistake involved in the brothers' attempt to obtain insurance
coverage. - ✔✔B. Whether the parties' intention was to cover property the brothers
owned as partners, property they owned individually, or both.
✔✔Defendants are liable for unintentional nuisance when their conduct is
Select one:
A. Negligent, irresponsible, or hazardous.
B. Unreasonable, negligent, or dangerous.
C. Inconsiderate, negligent, or unhealthy.
D. Negligent, reckless, or ultrahazardous. - ✔✔D. Negligent, reckless, or
ultrahazardous.
✔✔Tenant Adam defaulted on his rent payments to landlord Leon. Adam left town and
abandoned his personal property. Leon can treat Adam's abandoned property as an
anticipatory breach
Select one:
A. And receive as damages the amount of the remaining rent payments.
B. But he has no recourse against Adam for rent payments.
C. But Leon cannot rent the property for at least 90 days subsequent to the property
abandonment.
D. And invoke constructive eviction. - ✔✔A. And receive as damages the amount of the
remaining rent payments.
✔✔In a strict liability case against toothpaste manufacturer Company P, plaintiff Carla
claimed that the toothpaste caused enamel erosion which required her to have
AND ANSWERS SURE A+
✔✔All of the following debts are not dischargeable in bankruptcy, EXCEPT:
Select one:
A. Services obtained by fraud
B. Most student loans
C. Payments owed on leases
D. Alimony - ✔✔C. Payments owed on leases
✔✔InsurCo executives are concerned about some new legislation so they write to their
state's department of insurance for guidance. The department writes back with advice
about the new law. When an administrative agency clarifies statutes for regulated
parties, it is writing which one of the following?
Select one:
A. Interpretive rule, and it is binding on the regulated parties.
B. Legislative rule, and it is non-binding.
C. Legislative rule, and it is binding on the regulated parties.
D. Interpretive rule, and it is non-binding. - ✔✔D. Interpretive rule, and it is non-binding.
✔✔John contracts with Rex to purchase three steel braces by April 5. In the contract,
they agree that the amount of damages either of them would pay in the event of breach
would be $50,000. The $50,000 is the result of their good faith effort to estimate actual
, damages that probably would result from a breach. These types of damages are known
as
Select one:
A. Special damages.
B. Punitive damages.
C. Liquidated damages.
D. Equitable remedies. - ✔✔C. Liquidated damages.
✔✔The Martin brothers, Larry and Kent, each own a home and share ownership of
tools, equipment, and home furnishings. They also have three vehicles, two of which
are owned by Kent, and the third is owned jointly. Their property is covered under
policies issued by Insurance Company, and all policies refer to the description of
property insured as "property of the Martin brothers." Since the insurance policies are
ambiguous as to the property insured, parol evidence can establish
Select one:
A. Whether the insurance contract is valid because of its ambiguous wording.
B. Whether the parties' intention was to cover property the brothers owned as partners,
property they owned individually, or both.
C. The distribution of the property.
D. Any illegality, fraud, or mistake involved in the brothers' attempt to obtain insurance
coverage. - ✔✔B. Whether the parties' intention was to cover property the brothers
owned as partners, property they owned individually, or both.
✔✔Defendants are liable for unintentional nuisance when their conduct is
Select one:
A. Negligent, irresponsible, or hazardous.
B. Unreasonable, negligent, or dangerous.
C. Inconsiderate, negligent, or unhealthy.
D. Negligent, reckless, or ultrahazardous. - ✔✔D. Negligent, reckless, or
ultrahazardous.
✔✔Tenant Adam defaulted on his rent payments to landlord Leon. Adam left town and
abandoned his personal property. Leon can treat Adam's abandoned property as an
anticipatory breach
Select one:
A. And receive as damages the amount of the remaining rent payments.
B. But he has no recourse against Adam for rent payments.
C. But Leon cannot rent the property for at least 90 days subsequent to the property
abandonment.
D. And invoke constructive eviction. - ✔✔A. And receive as damages the amount of the
remaining rent payments.
✔✔In a strict liability case against toothpaste manufacturer Company P, plaintiff Carla
claimed that the toothpaste caused enamel erosion which required her to have
